ARLINGTON, VA—Interstate Hotels & Resorts has closed on the acquisition of the management agreements of 82 premium-branded, select- and full-service hotels, plus one restaurant, from White Lodging. Hotel Business first reported on the deal in December 2017.
As a result of this deal, Interstate has an additional 2,500 associates, and 78 select-service and four full-service properties under the following lodging brands: Marriott, Hyatt and Hilton.
“A transaction of this nature aligns well with our growth strategy, and we’re excited with the direction this new expansion is taking us,” said Michael Deitemeyer, Interstate’s president & CEO. “We’ve gained high-quality hotels under long-term management agreements, and increased our depth of talent with valued and experienced leadership teams.”